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09-14-1961 1

-4* 9* W-•GI,•'••F ILA-\- .*
•'It =, .f
.:, -4
, "
E GOODYEAR TIRE & RUBBER• COMPANY ,
4
V/
AKRON EDITION , i'.
:'.t.·.:.·
4
b Thursday, September 14, 1961 Akron, Ohio, No. 37
.allute' Passes First Test
.. ..., .., li.1 6 » :.
. . .. .. . . 't-
,....4 ,.....9....... ..'.3..i...
i. t ' ·· 0•*'2•·"":, ' 1:0b 4i 2:",.
*
, , I ... . 036..4*-lk6•.I -
' 4, :A '..ite.
49/ I
0 . • -2
.a .1
-
1)rag Ba#oon Successfu#y Lands Missile i
First phase of a four-part program testing the ability of a Goodyear-developed • •
ig balloon to slow the descent of a large missile at supersonic speeds has been ,
ci·ssfully completed.
r
infiatable drag device, recover missile equipment at Packaged in the tail of the
el. Ballute, prevented turn- speeds 10 times faster than missile, the nine-foot diameter
g :ind slowed the fall of a sound ( Mach 10 ). fabric balloon inflated and
-Ii 036utnedst missile from During the first phase, Air was reeled out by cable into
,Oill ) feet. A parachute landed Force and GAC engineers used the wake of the falling missile
M'
t 03p6asctkage safely at the a one million cubic foot strato- to break its fall and slow its ; • - 11 '
itv Sands, N. M., missile spheric ascension balloon to descent. The parachute was ,• ... .,4
*·
ge. carry the missile, plus photo- used at lower altitudes to .
Collaborating in the pro- graphic and telemetering equip- complete the descent. AIR FORCE personnel reel out a one-million-cubic-foot
am are the Parachute ment, to an altitude of nearly Next phase of the test pro- ascension balloon as they prepare to test a "Ballute" drag de-cessories
Laboratory, De- 20 miles before releasing the gram is expected to begin at vice used to slow the descent of a missile. First phase of the
lerator Branch of the Air test package. In each test, the the Santa Rosa Island test site four-part program has ended successfully at the White Sands
rce System Command's balloon was deployed Success- on Elgin Air Force Base, Fla., (N.M.) proving grounds.
ronautical System Division, fully. within a month.
d Goodyear Aircraft, de- The 500-pound test missile Lifted into the sky by three will be a two-phase test. vehicles, data capsules and
loper of the Ballute. fell at a rate of 750 feet per Nike boosters, the package will GAC is developing the emergency escape capsules
he program ultimately will second before the Ballute device reach a height of 155,000 feet recovery system for booster which soar as high as 200,000
t the balloon's ability to was released at 88,000 feet. and a speed of Mach 4. This assemblies, nose cones, research feet at speeds up to Mach 10.
--
Bright Future, Tougher Competition' - Thomas
Board Chairman E. J. Thomas had some interesting company $10,200,000.
d revealing facts and figures last week for more than The seven paid holidays, for which there was no pro-
0 persons at a banquet at the Sheraton Hotel. His duction, cost more than $10 million, he explained. This
dience was 35-, 40-, 45-, and 50-year Goodyear employes, year, an eighth paid holiday will send that expense even
d a number of guests. higher.
"For the year 1960," Thomas said, "in "And vacation pay alone last year, again
dition to regular wages and salaries, for which there was no production, cost
oodyear paid more than $80 /nillion in more than $20 million," he added.
inge benefits to its employes in the United It all added up to the $80 million. But
ates."
' 9-.. more staggering yet was the total money
What he did not tell his listeners is that that went out for employes in form of social
e figure represented almost $9 million security, taxes, wages and supplemental un-or(,
than the company made in profits last employment benefits, along with the fringe
ar and some $51 million more than went * ': 1 . benefits. It reached-a- whopping big $470
dividends to Goodyear stockholders. million.
Thomas, who probably knew most of the In concluding his talk, Thomas reminded
ph,yes well enough to call them by their his listeners of a problem other than indus-st,
lames, had a warning and a few words trial competition-that of possible war.
advice about the international situation. 6•I still believe that weapons today are so
H(, also had a bright outlook for the in- horrible for both sides that the very horror
strial future, but not so optimistic as not - _, , . .« - - of them improves the chances of no war,"
r. irn that 6'the competition is keener he exclaimed, 6•but at the least, we are
an I have· seen for many years." going to be tested to the limit, with plenty
"Lider these .circumstances," he . said, of provocation, and it will tax our nerve
ve n Goodyear have had to use all our and courage.
get ,lity•·to sell as hard as we know how 6*In any event," he .continued, '6we must
d · lake every economy we can. so we can ' be ready and. strong in every way and the
eri re the business profitably and provide rest of our lives will probably be in an
. . .Thomas speaking at
Pl vment and security for those who atmosphere of danger, heavy defense ex-ort
:it Goodyear." service banquet.
penditures and heavy taxes.
oodyear has to sell about $5 million worth of prod- "I am sure that as Americans, we can meet any chal-tS
very working day of the year to keep all of the lenge that we make up our mind to meet," the board
mr ny's 90,000 persons supplied with work, Thomas chairman said. "These conditions ought to serve to draw
no need.
us all closer together as a nation and increase our efTorts
We now have 5,640 people on our rolls drawing pen - in the national good.
on> from the companY." 66It ought to bring us closer to the realization that
he board chairman reminded those present that the
nobody can get something for nothing and that work and
ns; tls those persons ·are paid must come out of the
efficiency is the keystone to our survival against a poten-luc
(,f the production of the rest of the erriployes.
4 .. tial aggressor such as, Russia, where the state dominates
)odyear baid over $21/2 million for life insurance
em ' every itidividual and directs everything he must do.
ims last year on the lives of Goodyear .employes.
I know you will be particularly interested in the area "I think free people can best enslaved people any day
th, cost of hospitalization, medical and surgical bills," of the week,"•Thomas summed up, •'but not .unless we get
On::is told his listeners. pretty seriou"s, and Willingly work hard in the interests of
We paid for 121,000 such eases last year. It cost the our country.
./.---.Il-/- -
Company Gets
$9.7 Million
In Contracts
Goodyear Aircraft has
been awarded a $9.2 million
contract for further de-velopment
of SUBROC, the
Navy's anti-submarine mis-sile.
Also, Goodyear Tire
was given a $500,000 con-tract
to supply wing center
section fuel cells for Boe-ing's
727 jet airliner.
Designed to be fired from a
submerged submarine, SUBROC
has a range greater than any
other anti-sub nuclear weapon
yet developed by the United
States. GAC is the prime con-tractor
for the project.
First delivery of fuel cells by
Goodyear Tire to Boeing will be
made early next. year.
The 727 is the latest in Boe-ing's
family of jet airliners. A -
three-engined jet, it is designed
for the short-to-medium route
lengths of 150 to 1,700 miles to
back up the larger, long-range
Boeing 707 and 720 series.
Goodyear currently is supply-ing
fuel cells, tires, nose wheels
and de-icing equipment for the
Boeing Transport Division's
production program.
LTA To Hear About
Record Balloon Flight
Donald L. Piccard, who on
July 19 set the world's altitude
record of 34,462 feet for certain
type balloons, will describe his
flight at the Wingfoot Lighter-
Than-Air Society meeting on
Thursday (tonight) at 7:30 p.m.
in Goodyear Hall. A movie 6n
the new hot-air balloon about to
be put on the market for sports-nien
will also highlight the pro-grani.
*
1.,-1- 2
++ 4/.5
.
* . \
\

This publication is protected by copyright law of the United States (Title 17, United States Code). Copyright to this publication lies with The Goodyear Tire & Rubber Company, which has permitted The University of Akron to make it available for personal use for private study, scholarship, or research. Any other use of this item including publications, exhibitions, or productions is prohibited without written permission. Please contact Archival Services at archives@uakron.edu for more information.

This publication is protected by copyright law of the United States (Title 17, United States Code). Copyright to this publication lies with The Goodyear Tire & Rubber Company, which has permitted The University of Akron to make it available for personal use for private study, scholarship, or research. Any other use of this item including publications, exhibitions, or productions is prohibited without written permission. Please contact Archival Services at archives@uakron.edu for more information.

-4* 9* W-•GI,•'••F ILA-\- .*
•'It =, .f
.:, -4
, "
E GOODYEAR TIRE & RUBBER• COMPANY ,
4
V/
AKRON EDITION , i'.
:'.t.·.:.·
4
b Thursday, September 14, 1961 Akron, Ohio, No. 37
.allute' Passes First Test
.. ..., .., li.1 6 » :.
. . .. .. . . 't-
,....4 ,.....9....... ..'.3..i...
i. t ' ·· 0•*'2•·"":, ' 1:0b 4i 2:",.
*
, , I ... . 036..4*-lk6•.I -
' 4, :A '..ite.
49/ I
0 . • -2
.a .1
-
1)rag Ba#oon Successfu#y Lands Missile i
First phase of a four-part program testing the ability of a Goodyear-developed • •
ig balloon to slow the descent of a large missile at supersonic speeds has been ,
ci·ssfully completed.
r
infiatable drag device, recover missile equipment at Packaged in the tail of the
el. Ballute, prevented turn- speeds 10 times faster than missile, the nine-foot diameter
g :ind slowed the fall of a sound ( Mach 10 ). fabric balloon inflated and
-Ii 036utnedst missile from During the first phase, Air was reeled out by cable into
,Oill ) feet. A parachute landed Force and GAC engineers used the wake of the falling missile
M'
t 03p6asctkage safely at the a one million cubic foot strato- to break its fall and slow its ; • - 11 '
itv Sands, N. M., missile spheric ascension balloon to descent. The parachute was ,• ... .,4
*·
ge. carry the missile, plus photo- used at lower altitudes to .
Collaborating in the pro- graphic and telemetering equip- complete the descent. AIR FORCE personnel reel out a one-million-cubic-foot
am are the Parachute ment, to an altitude of nearly Next phase of the test pro- ascension balloon as they prepare to test a "Ballute" drag de-cessories
Laboratory, De- 20 miles before releasing the gram is expected to begin at vice used to slow the descent of a missile. First phase of the
lerator Branch of the Air test package. In each test, the the Santa Rosa Island test site four-part program has ended successfully at the White Sands
rce System Command's balloon was deployed Success- on Elgin Air Force Base, Fla., (N.M.) proving grounds.
ronautical System Division, fully. within a month.
d Goodyear Aircraft, de- The 500-pound test missile Lifted into the sky by three will be a two-phase test. vehicles, data capsules and
loper of the Ballute. fell at a rate of 750 feet per Nike boosters, the package will GAC is developing the emergency escape capsules
he program ultimately will second before the Ballute device reach a height of 155,000 feet recovery system for booster which soar as high as 200,000
t the balloon's ability to was released at 88,000 feet. and a speed of Mach 4. This assemblies, nose cones, research feet at speeds up to Mach 10.
--
Bright Future, Tougher Competition' - Thomas
Board Chairman E. J. Thomas had some interesting company $10,200,000.
d revealing facts and figures last week for more than The seven paid holidays, for which there was no pro-
0 persons at a banquet at the Sheraton Hotel. His duction, cost more than $10 million, he explained. This
dience was 35-, 40-, 45-, and 50-year Goodyear employes, year, an eighth paid holiday will send that expense even
d a number of guests. higher.
"For the year 1960," Thomas said, "in "And vacation pay alone last year, again
dition to regular wages and salaries, for which there was no production, cost
oodyear paid more than $80 /nillion in more than $20 million," he added.
inge benefits to its employes in the United It all added up to the $80 million. But
ates."
' 9-.. more staggering yet was the total money
What he did not tell his listeners is that that went out for employes in form of social
e figure represented almost $9 million security, taxes, wages and supplemental un-or(,
than the company made in profits last employment benefits, along with the fringe
ar and some $51 million more than went * ': 1 . benefits. It reached-a- whopping big $470
dividends to Goodyear stockholders. million.
Thomas, who probably knew most of the In concluding his talk, Thomas reminded
ph,yes well enough to call them by their his listeners of a problem other than indus-st,
lames, had a warning and a few words trial competition-that of possible war.
advice about the international situation. 6•I still believe that weapons today are so
H(, also had a bright outlook for the in- horrible for both sides that the very horror
strial future, but not so optimistic as not - _, , . .« - - of them improves the chances of no war,"
r. irn that 6'the competition is keener he exclaimed, 6•but at the least, we are
an I have· seen for many years." going to be tested to the limit, with plenty
"Lider these .circumstances," he . said, of provocation, and it will tax our nerve
ve n Goodyear have had to use all our and courage.
get ,lity•·to sell as hard as we know how 6*In any event," he .continued, '6we must
d · lake every economy we can. so we can ' be ready and. strong in every way and the
eri re the business profitably and provide rest of our lives will probably be in an
. . .Thomas speaking at
Pl vment and security for those who atmosphere of danger, heavy defense ex-ort
:it Goodyear." service banquet.
penditures and heavy taxes.
oodyear has to sell about $5 million worth of prod- "I am sure that as Americans, we can meet any chal-tS
very working day of the year to keep all of the lenge that we make up our mind to meet," the board
mr ny's 90,000 persons supplied with work, Thomas chairman said. "These conditions ought to serve to draw
no need.
us all closer together as a nation and increase our efTorts
We now have 5,640 people on our rolls drawing pen - in the national good.
on> from the companY." 66It ought to bring us closer to the realization that
he board chairman reminded those present that the
nobody can get something for nothing and that work and
ns; tls those persons ·are paid must come out of the
efficiency is the keystone to our survival against a poten-luc
(,f the production of the rest of the erriployes.
4 .. tial aggressor such as, Russia, where the state dominates
)odyear baid over $21/2 million for life insurance
em ' every itidividual and directs everything he must do.
ims last year on the lives of Goodyear .employes.
I know you will be particularly interested in the area "I think free people can best enslaved people any day
th, cost of hospitalization, medical and surgical bills," of the week,"•Thomas summed up, •'but not .unless we get
On::is told his listeners. pretty seriou"s, and Willingly work hard in the interests of
We paid for 121,000 such eases last year. It cost the our country.
./.---.Il-/- -
Company Gets
$9.7 Million
In Contracts
Goodyear Aircraft has
been awarded a $9.2 million
contract for further de-velopment
of SUBROC, the
Navy's anti-submarine mis-sile.
Also, Goodyear Tire
was given a $500,000 con-tract
to supply wing center
section fuel cells for Boe-ing's
727 jet airliner.
Designed to be fired from a
submerged submarine, SUBROC
has a range greater than any
other anti-sub nuclear weapon
yet developed by the United
States. GAC is the prime con-tractor
for the project.
First delivery of fuel cells by
Goodyear Tire to Boeing will be
made early next. year.
The 727 is the latest in Boe-ing's
family of jet airliners. A -
three-engined jet, it is designed
for the short-to-medium route
lengths of 150 to 1,700 miles to
back up the larger, long-range
Boeing 707 and 720 series.
Goodyear currently is supply-ing
fuel cells, tires, nose wheels
and de-icing equipment for the
Boeing Transport Division's
production program.
LTA To Hear About
Record Balloon Flight
Donald L. Piccard, who on
July 19 set the world's altitude
record of 34,462 feet for certain
type balloons, will describe his
flight at the Wingfoot Lighter-
Than-Air Society meeting on
Thursday (tonight) at 7:30 p.m.
in Goodyear Hall. A movie 6n
the new hot-air balloon about to
be put on the market for sports-nien
will also highlight the pro-grani.
*
1.,-1- 2
++ 4/.5
.
* . \
\